Troubleshooting: Trial Balance Report does not balance on second year

From AutoCount Resource Center

Question: When I preview Trial balance report for first year it is balanced, but when inquiry for second year it does not balance. Why?

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Possible Reason:

You have created Retained Earning account as a normal account.
Retained Earnings (or Retained Profit) account must be of Special Account Type (SRE) should you need the system to calculate and show accumulated profit (except current year).

Tb not balance3.png


Solution:

1) Delete the normal Retain Earning account.

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2) Create new Special account for Retained Earning.

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Now Trial Balance report is balanced.

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By: Park Yao 220919, Lay Swan 220923, P220926



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